Aliko Dangote and Robert Mugabe, Aug. 31 2015. Photo: Jekesai Njikizana JEKESAI/Getty Images
Photo: Jean Marc Allet panoramio.comAFKI Original
Staff, 10:00 am
According to online classifieds website OLX, it has seen a surge of internet users visit its website via mobile devices. OLX revealed that currently more than 65% of its internet traffic is from mobile devices, and growing fast. “We have seen a surge in mobile users over recent months, and each month the growth rate increases. If we compare our mobile growth figures of the first half of 2014 to 2015, we are already up by 200%,
Kevin Mwanza, 9:27 am
The South African government has come up with a series of interventions that include boosting the platinum sector by promoting the metal as a central bank reserve asset. The state has also committed to establishing a fund to assist mining companies in retaining retrenched mineworkers. An estimated 23,000 South African miners have lost their jobs since April.
Dana Sanchez, 9:19 am
U.S. management consultancy McKinsey is encouraging South Africa to install up to 20 gigawatts of gas-fired power plants to diversify the country’s power supply. Gas can be provided through imports, local shale gas resources — if South Africa has any — or both. South Africa’s electricity shortage has limited the country’s growth. Natural gas plants can be built fast, cheap and they have low carbon footprint.
Oil & Gas
Staff, 6:19 am
Move by the President Muhammadu Buhari administration to terminate the controversial offshore dispensation and oil swap agreements may save the country an average of 230,000 barrels a day. At a market price of an average of $60 per barrel, the country would be saving about $13.8 million of crude oil daily. Nigerian National Petroleum Corporation (NNPC) data show that the corporation allocated just over 79 million barrels (or roughly 218,000 barrels a day) to swaps in 2011 alone.
Joe Kennedy, 5:00 am
Whether it’s dining outdoors in a riad overlooking the Djemaa el Fna or eating fabulous French food in a cozy restaurant, Marrakech has plenty to entertain diners. The city is extremely popular for travelers and foodies alike, and new restaurants continue to pop up that cement its reputation as a top foodie destination in the Maghreb.
Staff, 5:27 pm
Akinwumi Adesina, the former Nigerian Agriculture Minister, takes over this week as president of the African Development Bank. He layed out his vision for the bank, which includes providing rapid assistance to African nations hit hard by the slowdown in China’s economic growth. Expectations are high for Adesina, who has a reputation for tackling ambitious projects. “Africa must think big. We can’t afford to have low aspirations for Africa,” he said.
Karen Elowitt, 5:00 pm
Adrenalin junkies love Victoria Falls, but adventure is not all this marvelous place has to offer. Victoria Falls and the Zambezi river are also divine locations for a peaceful, rejuvenating vacation that allows couples to feel the romance while enjoying the quieter pleasures of the region.
Staff, 1:06 pm
Africa’s creative industries are suffering from supply issues and lack of intellectual property protection, among others. Cape Verde, said to have the highest number of musicians per square kilometer in the world, is a good example of how a country can leverage such resources to place the creative economy at the cornerstone of its development strategy. With few exportable resources, Cape Verde is enabling its cultural assets to be a significant contributor to the economy.
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